Parisi Gray Wealth Management Has $603,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Parisi Gray Wealth Management increased its stake in Lam Research Co. (NASDAQ:LRCX) by 652.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,350 shares of the semiconductor company’s stock after purchasing an additional 7,241 shares during the period. Parisi Gray Wealth Management’s holdings in Lam Research were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $376,000. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research during the 4th quarter worth about $815,000. Davis Investment Partners LLC raised its holdings in shares of Lam Research by 900.0% in the 4th quarter. Davis Investment Partners LLC now owns 8,000 shares of the semiconductor company’s stock valued at $597,000 after purchasing an additional 7,200 shares during the period. Marshall & Sullivan Inc. WA lifted its stake in Lam Research by 901.3% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 66,119 shares of the semiconductor company’s stock valued at $4,776,000 after purchasing an additional 59,516 shares during the last quarter. Finally, Claro Advisors LLC increased its position in Lam Research by 483.3% during the fourth quarter. Claro Advisors LLC now owns 3,074 shares of the semiconductor company’s stock worth $222,000 after buying an additional 2,547 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Down 0.3 %

Lam Research stock traded down $0.20 during mid-day trading on Monday, hitting $74.45. The company’s stock had a trading volume of 8,314,866 shares, compared to its average volume of 10,252,869. The business has a 50 day moving average price of $74.72 and a 200-day moving average price of $81.65. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market cap of $95.79 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.85 EPS. As a group, analysts forecast that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LRCX shares. Wells Fargo & Company reduced their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Finally, Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $96.59.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.